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HKD to MXN - Rate Guide

Hong Kong Dollar to Mexican Peso exchange rates aren't all the same.

The total cost you are charged by your bank or foreign exchange provider consists of a margin from the interbank mid-rate plus fees. These margins and fees vary significantly for International Money Transfers and Travel Money/Card transactions as shown below.

 

1 HKD = 2.3904 MXN

   Sell HKD / Buy MXN  Switch

HKD to MXN - Trading Range (90 Day)
ALERT: 90-DAY LOWS 🔔 |
HKD/MXN at 2.3883 is trading 2% below the 90-day average 2.4372 with a range 2.3876 to 2.5009. ALERT: HKD/MXN has dropped to 90-DAY LOWS.
16-Feb-2020 16:NY 21:LON 08:SYD+1d

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Quick Conversions from Hong Kong Dollar to Mexican Peso

HKD

MXN

HK$ 1
Mex$ 2.3904
HK$ 5
Mex$ 11.95
HK$ 10
Mex$ 23.90
HK$ 20
Mex$ 47.81
HK$ 50
Mex$ 119.52
HK$ 100
Mex$ 239.04
HK$ 250
Mex$ 597.60
HK$ 500
Mex$ 1,195
HK$ 1,000
Mex$ 2,390
HK$ 2,000
Mex$ 4,781
HK$ 5,000
Mex$ 11,952
HK$ 10,000
Mex$ 23,904
HK$ 50,000
Mex$ 119,520
HK$ 100,000
Mex$ 239,040
More amounts

HKD

MXN

HK$ 0.4183
Mex$ 1
HK$ 2.0915
Mex$ 5
HK$ 4.1830
Mex$ 10
HK$ 8.3660
Mex$ 20
HK$ 20.92
Mex$ 50
HK$ 41.83
Mex$ 100
HK$ 104.58
Mex$ 250
HK$ 209.15
Mex$ 500
HK$ 418.30
Mex$ 1,000
HK$ 836.60
Mex$ 2,000
HK$ 2,092
Mex$ 5,000
HK$ 4,183
Mex$ 10,000
HK$ 20,915
Mex$ 50,000
HK$ 41,830
Mex$ 100,000
More amounts

To calculate specific HKD/MXN amounts use our Convert HKD to MXN quick calculator.


Comparing Foreign Exchange Providers

The total cost you are charged by your foreign exchange provider consists of the margin from the mid-rate offered plus any fixed or percentage fees. These margins and fees vary significantly for International Money Transfers, Travel Money and prepaid multi-currency Travel Card transactions.

The Exchange rate you are offered can also vary significantly depending on the transaction type (transfer, cash or card), currency pair and amount. The below table shows an example of total costs charged by FX specialists and banks for HKD/MXN International Money Transfers. Costs are calculated against the current interbank mid-rate.

 
  

HKD to MXN International Money Transfers

  

Foreign Transfer ProvidersReceive MXN(Mex$)Exchange RateFee HKDTotal CostDeal Links
WorldFirst logo
118,790 Mex$2.375800.5%
OFX logo
116,845 Mex$2.33690 for BER users (normally $15)2.13%
DBS Bank logo
115,619 Mex$2.3147503.15%
Banks - Average Rate
DBS Bank logo Citibank logo HSBC logo
114,376 Mex$2.2897554.2%
HSBC logo
114,027 Mex$2.2842HK$804.49%
Citibank International Money Transfers
Citibank logo
113,483 Mex$2.2702124.94%
WorldRemit logo
Your amount above the WorldRemit HKD2000 maximum
 
WorldFirst logo
WorldFirst: Foreign Transfer HKD→MXN
From Amount (HKD)HK$50,000
Fee:
Exchange Rate:2.3758 (0.5% from mid-rate)
To Amount (MXN)118,790 Mex$
Total Cost:0.5%
Time:1:07 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.6/5.0
Reviews:
 
OFX logo
OFX: Foreign Transfer HKD→MXN
From Amount (HKD)HK$50,000
Fee:0 for BER users (normally $15)
Exchange Rate:2.3369 (2.13% from mid-rate)
To Amount (MXN)116,845 Mex$
Total Cost:2.13%
Difference:
Mex$1,945 MXN less than using WorldFirst
Time:
Rate Fetched: Mon Feb 17 2020 00:16:34 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 
DBS Bank logo
DBS Bank: Foreign Transfer HKD→MXN
From Amount (HKD)HK$50,000
Fee:50
Exchange Rate:2.3147 (3.06% from mid-rate)
To Amount (MXN)115,619 Mex$
Total Cost:3.15%
Difference:
Mex$3,171 MXN less than using WorldFirst
Time:1:07 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Banks - Average Rate
Foreign Transfer HKD→MXN
From Amount (HKD)HK$50,000
Fee:55
Exchange Rate:2.2959 (3.84% from mid-rate)
To Amount (MXN)114,376 Mex$
Total Cost:4.2%
Difference:
Mex$4,414 MXN less than using WorldFirst
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 
HSBC logo
HSBC: Foreign Transfer HKD→MXN
From Amount (HKD)HK$50,000
Fee:HK$80 HKD (Minimum fee)
Exchange Rate:2.2842 (4.33% from mid-rate)
To Amount (MXN)114,027 Mex$
Total Cost:4.49%
Difference:
Mex$4,763 MXN less than using WorldFirst
Time:1:07 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Citibank logo
Citibank: Foreign Transfer HKD→MXN
From Amount (HKD)HK$50,000
Fee:12
Exchange Rate:2.2702 (4.92% from mid-rate)
To Amount (MXN)113,483 Mex$
Total Cost:4.94%
Difference:
Mex$5,307 MXN less than using WorldFirst
Time:1:07 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
WorldRemit logo
WorldRemit: Foreign Transfer HKD→MXN
From Amount (HKD)HK$50,000
Fee:
Transfer Speed:1 day
Services:Bank Transfers & Cash Pickup - Online only
Rating:
 
: 4.5/5.0
Reviews:
 
Snapshot 02/17/2020 - View latest rates

Country Guides (HKD & MXN)

Hong KongHong Kong (HKD)MexicoMexico (MXN)

HKD and MXN in the Markets

When determining the best time to make a foreign exchange transaction, in this case the HKD vs MXN, you should pay attention to the recent market trends for both currencies.

Hong Kong Dollar (HKD)

The Hong Kong dollar has gained value in 2019 despite the recent protests and also serious escalation in US-China trade tensions, mainly because the US dollar, to which HKD is pegged, is attracting safe-haven inflows. By May-17, against a basket of important currencies, HKD was worth 2 percent more year-to-date, and was only 0.5 percent away from making a 2-year high.

HKD was doing particularly well against the Australian dollar. It was, at the time of writing, valued 18 percent higher than 2018 lows against AUD and needed only a further 2.3 percent to reach a 10-year high. Though HKD was meeting significant resistance in mid-May at the 5.4 per AUD level, a break of this could spark significant appreciation.

Read more in the article HKD Forecasts.

 

Mexican Peso (MXN)

At 18.8 per US dollar, the Mexican peso was trading on April-20 close to its strongest level in 6 ½ months, though it was meeting significant resistance (USD/MXN support) at 18.75—a level from which the peso was repelled twice last October, in March, and once already in April.

Boosting the peso has been the thriving oil market. Oil is high on the list of Mexico’s top exports and by April-20 it was up 44 percent for the year to $65 per barrel.

Also supporting the peso has been the dovish turn by the Federal Reserve. With no increase in US interest rates projected this year, the dollar will weaken and the peso should gain value because Mexico holds high levels of dollar-denominated debt, which becomes easier to repay when dollars are cheap and US rates are low.

Earlier this year, ING said that the peso would be among 2019’s best performing emerging market currencies, though newly-formed BlueLine Asset Management said one if its first market bets would be on peso depreciation based on disappointing economic growth.


How to get Best HKD to MXN Exchange Rates

All foreign exchange providers charge a fee for providing their service and this fee is usually contained within the exchange rate margin (or difference to the mid-rate).

The transaction margin you end up being charged can be considerably reduced by around a few percent (of total amount being exchanged) for travel money and possibly over 5% to 6% when sending money. The exact potential savings depends on the currencies being exchanged and the amount you are transferring and if you are willing to shop around.

Our real-time foreign transfer and travel money/cards comparison calculators make shopping around easy and help you calculate how much you can save.

When is the best time to exchange HKD to MXN?

Getting a good market rate is all about timing to help with this you can use BER Smart Alerts to make the most of currency movements.

Rather than requiring you to set a target rate, our rate alerts work differently. We check for daily high/lows and changes (up/down) over a range of periods up to 90 days rather than requiring you to set target rates.

Setup myBER FX Alerts

It is also a good idea to be aware of the change in the historic HKD/MXN exchange rate over longer periods.

HKD/MXN - Historical Rates

PeriodHKD/MXNDate
1 Day2.421709 Feb 2020
7 Day2.424703 Feb 2020
30 Day2.420211 Jan 2020
3 Month2.467112 Nov 2019
1 Year2.431210 Feb 2019
5 Year1.937511 Feb 2015
10 Year1.672512 Feb 2010

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